Bitcoin trades over $30,000
The highlight of the agenda for the cryptocurrency market yesterday was the speech of SEC Chairman Gensler to the US Financial Services Committee.
SEC Chairman Gary Gensler, who has recently come to the fore with his statements about cryptocurrencies, faced quite harsh reactions in his speech at the US Financial Services Committee yesterday. Gensler, who was chairman during the Terra-Luna incident and the FTX crisis, said in his speech to the committee, “We won 6-7 cases against the cryptocurrency market. We went to reconciliation with many of them, we are quite successful in this regard," he defended himself. Stating that we have enough law and authority to protect crypto investors, Gensler said that stablecoins are actively used and that he wants them to take a role in the ecosystem, adding, “It may be more useful to pass legislation to regulate the stablecoin market and protect investors.” “Securities for ETH and XRP?” asked Patrick McHenry, Chairman of the Financial Services Commission. He persistently left the question unanswered.
First-quarter earnings reports from major U.S. companies yesterday presented a mixed outlook. Bank of America exceeded expectations, while Goldman Sachs failed to meet expectations relative to other major companies. In addition, yesterday, the US stock markets ended the day with a flat course with the statements of the Fed members that the interest rate hikes will continue.
While Bitcoin started the day at $30060, Ethereum started at $2070 below $2100. Etherum, which has risen after the Shapella update, continues to maintain its negative course with profit sales on the second day against Bitcoin. Altcoins, on the other hand, show negative activity as of the day with the pullbacks in the leading altcoin Ethereum. Positive divergence in some altcoins draws attention. CTSI, BETA and AKRO stand out as the most profitable cryptocurrencies of the day with double-digit earnings. The total value of the crypto money market is at the level of $1.22 trillion, with a flat course.
How is Bitcoin today?
Today, the report from the USA, which gives information about the economic conditions of the country, will be announced in the Beige Book, the annual inflation rate of the Euro Zone. Earnings reports from Tesla, Morgan Stanley and Signature Bank will also be followed closely.
